What You’ll Need to Apply For a Home Loan

Sometimes it’s hard to know where to start when considering buying a home. Applying and gathering the proper documents needed can seem a little daunting at first but we’re dedicated to making the process as smooth and streamlined as possible. Our easy online application takes a lot of the hassle out of applying for a home loan, but to make sure everything is in order, consult the list below before you begin.

Information We’ll Ask For

Full name, along with social security number, birth date, and phone number

Marital status and number of dependents and their ages

Residence history

If you’re a renter we’ll need your current rental payment as well as previous rental payment (going back for at least two years)

If you’re a homeowner already we’ll ask you for all mortgage, insurance, and tax information for all of the properties you own

Employment history for at least two years including company name, address, phone number, and job title

Income history for at least two years. This includes any commissions, bonuses, or self-employed income

Account balances of all checking, savings, investment and retirement accounts

If any tax liens or other derogatory items on your credit report need further explanation, we’ll ask you to provide full documentation for each derogatory instance

Discharge papers for any bankruptcies you’ve had in the past seven years

If you’re a renter with a private landlord, we’ll ask you to provide 12 months of canceled rent checks or 12 months of bank statements showing your rent checks cleared on time. If you rent with an institutional landlord, we can sometimes get them to complete a form to confirm your on-time payments instead of your cancelled checks or bank statements

If you’re keeping your existing home and renting it out, we’ll ask you to provide a lease agreement and proof that the first month’s rent has been deposited into your bank account

If you’re planning on selling your existing home, we’ll ask you to provide a listing agreement. Your existing home will also need to close before your new home can close

30 days (at least) of pay stubs

w2 forms for all jobs worked in the last 2 years

All pages of the past 2 years of personal federal tax returns

If you’re self-employed or more than a 20% owner in a company, we’ll ask you for all pages of business federal tax returns for the past 2 years

If you’re self-employed or more than a 20% owner in a company, we’ll also ask you for a year-to-date profit and loss statement for the business

Income from rental properties if that income is on your tax returns. If rental income is on your tax returns yet because the rental property is new, we may accept the income if your rental property down payment was 30% or greater

If you’re divorce and either receiving or paying child support or alimony, we’ll ask you for a divorce decree. This income typically must be scheduled for at least 3 years more from the time your loan closes

2 months of statements for all checking, savings, investment and retirements accounts. We ask that your provide every page of these statements, even if it says “intentionally left blank” or you think there’s no pertinent information on certain pages

If you move money between accounts, you’ll be asked to provide all accounts even if you’re only using one account for your down payment. We ask this because we’ll look through 2 months of full account statements to verify any large deposits or withdrawals

If you are receiving any gift funds, you’ll need to sign (both the donor and receiver) a gift letter that we provide. This gift letter verifies the gift is not a loan. We’ll also ask for the donors account information so that we can confirm the donor’s ability to gift.

If you have any questions about what information you’ll need, please don’t hesitate to contact us.
If you’re ready to start gathering documents, download our Mortgage Application Document Checklist